Vulcan needs investment of at least€1.7 billion to achieve its goals.
"The investment required is atleast €1.7 billion."
https://www.handelsblatt.com/unternehmen/industrie/autobauer-stellantis-beteiligt-sich-an-lithium-startup-vulcan/28452470.html
Vulcan actually wanted to start lithiumextraction in 2024:
"Vulcan wants to start lithiumextraction in 2024."
"Then 40,000 tonnes of lithiumhydroxide are to be produced annually, which according to the Vulcanvideo above is enough for one million e-cars."
https://insideevs.de/news/551214/vulcan-energy-lithium-stellantis-oberrheingraben
As you can see from recentpublications, the start of production has now been postponed by atleast 1 year to the end of 2025. One can easily imagine that therecould be further delays as well.
"However, the road to the start ofproduction could be bumpy, as the latest shift in the timetable tothe end of 2025 shows."
https://www.finanznachrichten.de/nachrichten-2022-10/57215648-vulcan-energy-resources-projektzeitplan-aktualisiert-produktionsbeginn-ende-2025-alsterresearch-bekraeftigt-kaufen-098.htm
Now today the ECB has already raisedinterest rates again:
"The European Central Bank hasdecided on another big rate hike amid record inflation in theeurozone."
"The key interest rate rises forthe third time this year, this time from 1.25 to 2.0 per cent."
https://www.tagesschau.de/wirtschaft/finanzen/ezb-leitzins-143.html
It is likely to become increasinglydifficult for Vulcan to raise the capital it needs. The InfoInstitute on Lending:
"It is becoming increasinglydifficult for businesses to access new credit."
"Currently, 24.3 per cent of thosebusinesses currently negotiating report reluctance from banks."
"This is the highest figure since2017."
https://dienews.net/news/2022/10/ifo-institut-kreditbeschaffung-fuer-unternehmen-wird-schwieriger
Add to this the fact that interestrates are likely to rise to 3% by the beginning of the year.
""The deposit rate relevantto the money market is now 1.5 per cent. Of course, that is notenough, further interest rate steps will have to follow," saysthe professor of monetary economics at Goethe University Frankfurt inan interview with tagesschau.de. The markets would expect three percent at the beginning of the new year. Whether that level will thenbe enough to push inflation back down to two per cent remains to beseen."
https://www.tagesschau.de/wirtschaft/finanzen/ezb-leitzinsen-geldpolitik-experten-101.html
(20min delay)